Silk Road Medical Inc (NASDAQ: SILK) is 120.21% higher on its value in year-to-date trading and has touched a low of $6.08 and a high of $27.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SILK stock was last observed hovering at around $27.09 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $27.02, the stock is -0.34% and -0.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -0.26% at the moment leaves the stock 41.51% off its SMA200. SILK registered 45.27% gain for a year compared to 6-month gain of 72.65%.
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The stock witnessed a -0.18% loss in the last 1 month and extending the period to 3 months gives it a 24.46%, and is -0.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.32% over the week and 0.40% over the month.
Silk Road Medical Inc (SILK) has around 474 employees, a market worth around $1.10B and $191.43M in sales. Profit margin for the company is -29.53%. Distance from 52-week low is 344.41% and -1.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.82%).
The EPS is expected to grow by 1.30% this year
226.0 institutions hold shares in Silk Road Medical Inc (SILK), with institutional investors hold 101.34% of the company’s shares. The shares outstanding are 39.17M, and float is at 38.08M with Short Float at 8.38%. Institutions hold 97.14% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 3.37 million shares valued at $91.06 million. The investor’s holdings represent 8.5777 of the SILK Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.97 million shares valued at $80.31 million to account for 7.565 of the shares outstanding. The other top investors are MAGNETAR FINANCIAL LLC which holds 1.97 million shares representing 5.0186 and valued at over $53.28 million, while FIL LTD holds 4.0186 of the shares totaling 1.58 million with a market value of $42.66 million.
Silk Road Medical Inc (SILK) Insider Activity
The most recent transaction is an insider sale by Klemz Kevin M, the company’s EVP/Chief Legal Officer/Sec. SEC filings show that Klemz Kevin M sold 2,268 shares of the company’s common stock on Aug 19 ’24 at a price of $27.10 per share for a total of $61470.0. Following the sale, the insider now owns 0.16 million shares.
Still, SEC filings show that on Jul 03 ’24, Davis Andrew S. (Chief Commercial Officer) disposed off 66 shares at an average price of $27.00 for $1782.0. The insider now directly holds 289,707 shares of Silk Road Medical Inc (SILK).
